KLP Kapitalforvaltning AS Buys Shares of 76,569 Dollar General Co. (NYSE:DG)

KLP Kapitalforvaltning AS purchased a new position in shares of Dollar General Co. (NYSE:DG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 76,569 shares of the company’s stock, valued at approximately $5,805,000.

Several other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. bought a new stake in Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the 3rd quarter worth $33,000. Providence First Trust Co bought a new stake in shares of Dollar General during the 4th quarter worth $33,000. Bogart Wealth LLC boosted its stake in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

DG has been the subject of a number of research reports. Citigroup dropped their target price on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a report on Friday, March 7th. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Finally, The Goldman Sachs Group lowered their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

DG stock opened at $82.62 on Wednesday. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $75.08 and a 200-day moving average price of $77.72. The firm has a market cap of $18.17 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.83 EPS. As a group, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 46.18%.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.